Friday, June 24, 2005

TPMCafe || Oil Shockwave

TPMCafe || Oil Shockwave: "Indeed, the entire scenario deepened my general pessimism for the future of the United States -- a pessisism rooted in the hapless leadership of the Bush Administration and apparently shared by the huge majority of Americans who believe that the country is on the wrong track. "

This is the second of two blogposts referencing this single article. If you want to take a guess at what will ignite the coming perfect storm, well, this article will give you my favorite.

A modest disruption in the oil supply, followed by collapse in the dollar, U.S. withdrawal from Iraq, bankruptcy for General Motors, . . . shall I go on?

The coming storm begins to look more plausible, something to be feared.